Some taxation aspects of property in recession
Abstract
Suggests that the current property recession means that advisers are now in the possibly unfamiliar position of dealing with the taxation consequences of realised and unrealised losses on investment properties. Highlights some relevant taxation points arising, and describes two specific strategies which may be available. Concludes that one of these strategies takes advantage of current depressed values to create a loss for capital gains purposes; the other suggests a way of achieving relief against income profits for capital losses.
Keywords
Citation
Whiscombe, D. (1993), "Some taxation aspects of property in recession", Journal of Property Finance, Vol. 4 No. 1. https://doi.org/10.1108/09588689310037364
Publisher
:MCB UP Ltd
Copyright © 1993, MCB UP Limited